Tag: Afghanistan

FBR exempts customs, regulatory duty on Afghan goods

ISLAMABAD: The Federal Board of Revenue (FBR) allowed exemption from customs duty, additional customs duty, and regulatory duty on import of various goods from Afghanistan.

The FBR on Thursday issued three different statutory regulatory orders (SROs) to allow exemptions on various products on import from Afghanistan.

Through SRO 1609(I)/2021, the FBR exempted the import into Pakistan from Afghanistan from whole of the customs duty on items, included (HS Codes): coal (2701.1900); bituminous coal (2701.1200); talc (2526.1010); marble (crude or roughly trimmed) (2515.1100); plants and parts of plants (including seed and fruit) (1211.9000); seed of cumin neither crushed nor grounded (0909.3100); suphur of all kinds, other than sublimed suplhur (2503.0000); Yams (dioscorea spp.) (0714.3000); and containers (including containers for the transport of fluids) (8609.00000.

The notification shall be effective till June 30, 2022.

The FBR through SRO 1610(I)/2021 allowed concessions of regulatory duty. “Regulatory duty on import of marble (crude or roughly trimmed) falling under PCT code 2515.1100 shall be exempted and regulatory duty on import of ground nuts in shell falling under PCT code 1202.4100 shall be reduced from 20 per cent to 10 per cent, if imported from the Islamic Republic of Afghanistan).”

The notification shall be effective till June 30, 2022.

Through SRO 1611(I)/2021 exemption of additional customs duty has been granted on: “import of goods falling under PCT codes 0714.3000, 0909.3100, 1211.9000, 2526.1010, 2515.1100, 2701.1200, 2701.1900 and 8609.0000, if imported from Islamic Republic of Afghanistan.”

The notification shall be effective till June 30, 2021.

READ MORE: Tarin directs FBR to ensure security of taxpayers’ data

December 24, 2021
Pakistan establishes Afghanistan relief fund

ISLAMABAD: Pakistan on Wednesday established a fund namely ‘Afghanistan Relief Fund’ to provide humanitarian assistance to Afghanistan.

According to a notification issued by the Finance Division, all proceeds on account of ‘Afghanistan Relief Fund’ and payment into the aforesaid fund will be received at all branches of State Bank of Pakistan, all treasuries and branches of National Bank of Pakistan and all other scheduled banks.

READ MORE: Pakistan donates 50,000MT wheat to Afghanistan

The finance division said that the fund may receive donations from both domestic, international donors and contributions from aboard which will be received at all the branches of above referred banks where such branches are existing. “In other foreign countries contributions will be received at Pakistan missions and remitted to the State Bank of Pakistan, which would prescribe necessary procedure for their accounting.”

All proceeds received in the name of the fund will be credited to the public account of the federal government under following head of account:

Major object: G12: Special deposit fund

Minor Object: G121: relief fund

Detailed Object (New): G12163: Afghanistan Relief Fund

The finance division said that accounts of the fund would be maintained by Accountant General of Pakistan Revenue, Islamabad and Fund will be administered by the ministry of economic affairs in consultation with the finance division.

READ MORE: FBR rebuts currency smuggling to Afghanistan

December 8, 2021
Pakistan donates 50,000MT wheat to Afghanistan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a donation of 50,000 metric tons of wheat to Afghanistan.

The Federal Minister for Economic Affairs Division (EAD) Omar Ayub Khan chaired the ECC meeting and took several important decisions.

Federal Minister for Energy Hammad Azhar, Abdul Razak Dawood Advisor to Prime Minister on Commerce, Textile, Industries & Production and Investment, Federal Secretaries and other senior officers participated in the meeting.

The ECC considered the summary submitted by the Ministry of National Food Security & Research approved the proposal for the donation of 50,000 M. Tons of wheat to Afghanistan. ECC further directed the Finance Division to provide funds for the purpose on an actual cost basis.

The ECC also recommended relaxation of the ban on the export of wheat/wheat flour to Afghanistan to the extent of the instant proposal with the direction that the Ministry of National Food Security and Research may inform the Federal Cabinet of the ratio for mixing of local and imported wheat in case export of wheat flour is required.

On a Summary tabled by the Ministry of Foreign Affairs regarding “Extraordinary Session of the OIC Council of Foreign Ministers (CFM) in Pakistan” the ECC approved two Technical Supplementary Grants (TSGs) for the purpose during CFY 2021-22 i.e., (i) Rs.233.342 million in favor of the Ministry of Foreign Affairs and (i) Rs 64.2 million in favor of the Interior Division.

ECC approves cash reward for promotion of IT exports

November 29, 2021
Pakistan allows Indian wheat, medicine to Afghanistan

ISLAMABAD: Pakistan has granted approval for transportation of 50,000 metric tons of wheat and medicine from India to Afghanistan, citing the goodwill and exceptional humanitarian gesture.

The transportation of wheat and life-saving medicine was allowed from India via the Wagah Border, a statement said on Wednesday.

SBP relaxes conditions for Afghan Transit Trade

“As a goodwill gesture towards the brotherly Afghan people, the government of Pakistan has decided to allow the transportation of 50,000 Metric Tonnes of wheat and life-saving medicines from India to Afghanistan via Wagah Border on an exceptional basis for humanitarian purposes,” the Foreign Office said.

The FO said the decision of the government of Pakistan was formally conveyed to the Charge d’ Affaires of India, here at the Ministry of Foreign Affairs today.

Pakistan allows Afghan transit trade through Wagah from July 15

November 24, 2021